Chris Kuiper, Research Manager at Fidelity Digital Assets, recently argued that the flagship cryptocurrency Bitcoin still has significant "up potential" and is a less risky investment due to its 13-year history.
First in SEC: Cryptocurrency Lending Platform Penalized - BlockFi Agrees to Pay $100M Fine
The US Securities and Exchange Commission (SEC) penalized cryptocurrency lending platform BlockFi as the first of its kind. The cryptocurrency lender has agreed to pay $100 million in penalties.
Call for Cryptocurrency Ban from Reserve Bank of India
Shri T. Rabi Sankar, Deputy Governor of the Reserve Bank of India, called for a ban on cryptocurrencies in his speech today. He argued that cryptocurrency poses several threats and that objections to a ban are largely unfounded. While the RBI is hostile to the cryptocurrency, the Indian government doesn't seem very interested in banning it.
Victoria's Secret Is Getting Metaverse-Ready by Filing for NFT Trademark
Underwear giant Victoria's Secret has filed several trademark applications with the U.S. Patent and Trademark Office, which according to trademark attorney Josh Gerben says it plans to sell virtual underwear, shoes, hats, glasses, bags and fashion accessories.
BTC Liquidity Tightens Bitcoin Held by Exchanges Hits 6-Month Low
While the price of Bitcoin is 38% lower than its high of $69,000 three months ago, the amount of Bitcoin on exchanges is at its lowest since April 2021. At the end of July last year, there were 2.59 million Bitcoin held on exchanges. There are only 2.36 million held on exchanges today. This means that there are 8.8% less Bitcoin on exchanges than six months ago.
Uber CEO Says App Will Adopt Bitcoin "At Some Point" In the Future
Uber Technologies Inc. CEO, Dara Khosrowshahi, said in an interview with Bloomberg that the company is "constantly" having discussions about cryptocurrencies. The CEO explained that the Uber platform "absolutely" intends to accept Bitcoin (and other cryptocurrencies) "at some point" in the future.
Ethereum Funds Saw Their First Inflows in 10 Weeks
Ether products have ended a nine-week exit period, and inflows to digital asset mutual funds have increased sharply over the past week. After the 9-week period, it was seen that there was an inflow of $20.9 million into Ethereum funds.
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